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$64,487.00
0.14%$3,159.45
0.55%$6.93
-1.20%$615.04
2.88%$147.52
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0.16%$3,159.79
0.58%$0.5287
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-0.60%$5.49
-2.21%$0.472558
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-0.25%$35.79
-3.02%$0.116968
3.03%$64,617.00
0.35%$478.67
-0.48%$14.71
-0.56%$7.00
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0.81%$13.79
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3.75%$5.85
1.45%$0.998948
0.07%$0.118282
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0.09%$9.13
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2.62%$0.127557
1.88%$0.114255
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-1.01%$0.00000778
4.19%$6.01
-1.89%$3.20
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-3.01%$3,083.44
1.01%$460.37
0.85%$2.08
-7.63%$2.99
1.64%$1.10
-1.79%$0.04004925
-0.13%$0.121061
-3.97%$2,846.43
-1.15%$0.269546
-1.48%$2.44
-0.23%$3,259.03
0.13%$2.46
4.69%$2.34
-3.81%$26.63
-0.84%$0.998863
0.54%$120.32
0.83%$0.760878
5.06%$32.43
-3.29%$2.32
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14.91%$5.53
0.19%$0.00019131
2.38%$2.03
0.31%$3,487.17
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6.77%$0.04815575
1.08%$1.19
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1.04%$1.23
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0.30%$0.027901
1.24%$1.062
-3.93%$9.88
0.26%$0.02740183
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-1.73%$0.891409
0.37%$17.85
-1.36%$0.00000127
-1.45%$0.957841
-3.67%$0.845962
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-0.31%$0.03051303
-2.49%$0.656883
19.33%$4.84
-2.07%$42.37
0.57%$2.22
-1.64%$0.121178
1.66%$7.42
-3.01%$0.466886
0.11%$0.00005216
0.71%$1.072
-5.97%$2.36
20.01%$0.258353
5.31%$7.56
0.49%$12.63
-4.23%$1.024
0.73%$0.851254
2.98%$10.04
0.88%$3.03
-7.00%$2.92
1.89%$4.86
-3.60%$0.864821
-1.37%$16.35
-0.83%$0.616949
-1.30%$0.01901426
-1.31%$43.50
-2.03%$174.91
-2.11%$0.470471
0.48%$1.20
-2.75%$334.52
-3.09%$1.28
0.70%$0.729879
-0.42%$0.0178286
-5.22%$13.70
0.79%$3,107.68
-1.37%$0.118354
3.37%$0.239659
-0.20%$0.673699
-4.32%$2.83
-2.70%$0.197285
-0.86%$0.982068
-0.20%$1.11
-7.38%$1.25
-0.58%$2.22
-1.67%$0.101934
0.32%$174.34
-2.57%$3,315.39
0.20%$17.69
-0.88%$0.99814
0.46%$0.00000031
-0.90%$3,140.24
-0.86%$3.90
4.52%$0.385471
-0.28%$98.62
-0.09%$0.01138352
5.19%$0.950718
-1.97%$0.00010723
0.90%$1.75
0.39%$0.395171
-3.23%$0.10825
-2.59%$34.71
-2.54%$1.43
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-1.97%$3.62
-2.82%$0.973461
-3.37%$0.062541
0.28%$1.87
0.06%$3,367.86
0.28%$5.99
-2.90%$0.712507
3.71%$0.00168488
0.24%$2,331.84
0.50%$0.00615387
-5.41%$0.03894754
-1.79%$0.051577
-1.06%$0.390934
0.74%$0.443071
-0.10%$0.052817
4.04%$3,417.90
0.07%$1.00
0.39%$5.11
1.24%$0.434113
-0.81%$0.0298505
2.78%$0.057964
-2.34%$0.094552
-2.23%$0.338998
1.23%$0.251442
0.45%$15.02
4.11%$0.00000049
0.73%$0.686238
-3.11%$0.02595757
0.68%$0.03454347
2.09%$0.00263805
1.36%$2.20
1.26%$14.80
-1.12%$1.84
0.31%$1.09
-0.56%$4.29
-8.36%$0.526726
0.86%$0.836038
-0.74%$21.93
-4.54%$0.974652
-1.92%$0.00769205
1.57%$0.634139
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2.51%$0.411587
-2.14%$2,318.98
0.97%$1.62
-1.30%$4.04
1.05%$3.69
1.05%$3.91
1.33%$0.00751172
0.63%$0.40548
6.58%$3.27
1.73%$0.261898
-1.27%$0.39045
-1.33%$3,242.94
-0.12%$56.53
-0.73%$0.83471
1.57%$0.03196058
3.66%$0.94507
-1.60%$1,295.26
0.08%$63.37
-0.49%$0.505949
-2.93%$64.92
0.12%$22.77
-1.49%$30.74
0.09%$0.399322
-5.52%$5.51
2.73%$4.51
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1.64%$0.03926772
-3.02%$23.46
1.80%$0.713118
-1.01%$3.84
-0.86%$0.02804965
-3.35%$0.126704
2.26%$3.54
0.78%$0.03497012
-0.04%$0.03347458
-0.07%$0.00
26.16%$0.265674
0.02%$0.950427
2.11%$0.00645382
-0.52%$0.755234
-0.77%$8.02
0.62%$30.84
1.04%$44.43
-1.75%$2.16
29.54%$1.29
3.58%$0.999787
0.41%$0.930139
-4.62%$2.52
2.04%$27.25
-2.23%$36.17
-13.89%$0.325911
-0.54%$3.30
-9.53%$0.00362327
-0.16%$30.04
1.69%$0.160151
1.05%$40.70
-3.63%$0.00000068
-0.10%$65.03
-0.55%$0.262939
-5.31%$0.322307
2.00%$0.02122377
-0.69%$27.47
2.56%Popular DeFi lending Aave (LEND) is booming once again today, after racking up a further 16.2% growth in the last 24 hours to reach its current value of $0.841.
Aave has been on an almost unrelenting uptrend for almost a year now, and has seen its price climb from $0.0043 a year ago, up to its all-time highest value of $0.862 earlier today. In total, this represents a gain of almost 20,000% in the last year—making LEND one of the best performing cryptocurrencies of all time.
LEND has also put on a strong performance in the short term, having gained 44.6% in the last week, 109.8% in the last fortnight, and 211.3% in the last 30 days. This growth positions Aave as the 21st largest cryptocurrency by market capitalization, with a market cap just north of $1.06 billion.
This growth appears to be a direct consequence of Aave's rapidly growing popularity as a DeFi lending platform—since the total value of cryptocurrencies locked up in the platform has multiplied more than ten-fold in the last two months. As per stats from DeFi Pulse, Aave is now the most successful DeFi platform with around $1.52 billion in cryptocurrencies locked in the protocol.
Aave isn't the only DeFi cryptocurrency to have shot through the roof this morning. Other smaller DeFi platforms including Serum (SRM) and YFII-Finance (YFII) have also gained more than 10% today. Reserve Rights Token (RSR) is up 7% since yesterday after being listed on Binance, whereas micro-cap DeFi asset OpenPredict (OPT) is up 38.6% in the last day.
Overall, there is now more than $7 billion in cryptocurrencies locked up in DeFi—a gain of more than 600% in the last 3 months. Another sign of a growing bubble.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.